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In Kentucky, the Fair Market Rent (FMR) for a two-bedroom apartment is $661. In order to afford this level of rent and utilities – without paying more than 30% of income on housing – a household must earn $2,203 monthly or $26,435 annually. Assuming a 40-hour work week, 52 weeks per year, this level of income translates into a Housing Wage of $12.71.

In Kentucky, a minimum wage worker earns an hourly wage of $7.25. In order to afford the FMR for a two-bedroom apartment, a minimum wage earner must work 70 hours per week, 52 weeks per year. Or a household must include 1.8 minimum wage earners working 40 hours per week year-round in order to make the two-bedroom FMR affordable.

In Kentucky, the estimated mean (average) wage for a renter is $10.84. In order to afford the FMR for a two-bedroom apartment at this wage, a renter must work 47 hours per week, 52 weeks per year. Or, working 40 hours per week year-round, a household must include 1.2 workers earning the mean renter wage in order to make the two-bedroom FMR affordable.